Derivatives Operations Manager
Tracing our roots to 1928, Wellington Management Company, LLP is one of the world’s largest independent investment management firms. With over US$1 trillion in assets under management as of December 2018, we serve as a trusted adviser to institutional clients and mutual fund sponsors in over 60 countries. Our innovative investment solutions are built on the strength of proprietary, independent research and span the global capital markets, including equity, fixed income, multi-asset, and alternative strategies. As a private partnership, whose sole business is investment management, our long-term views and interests are aligned with those of our clients. We are committed to attracting a talented and diverse workforce, and to fostering an open, collaborative, and inclusive culture because we believe multiple perspectives lead to more informed investment and business decisions. As an Equal Opportunity Employer, we welcome people with diverse life experiences, fresh ideas, and specialized subject-matter expertise.
The Manager of the Derivatives Operations Group (Manager) will be responsible for the oversight of the collateral, Future’s margining, OTC clearing, bilateral settlements and trade notification functions. This role will provide strategic leadership and strong oversight of the day-to-day functioning of the operations, including both bilateral OTC products and cleared products. Additionally, the manager will work closely with our OTC service provider, help drive prioritization of IT initiatives, and provide support for our investors and clients around OTC derivatives.
The ideal candidate is an OTC derivatives veteran with a significant amount of management experience robust knowledge of OTC derivative products as well as the technology used to support OTC and cleared instruments across the industry. An ideal candidate would have a derivative middle office background and should understand both the operational components as well as analytics behind OTC derivatives. The Manager should have a strong foundation across a broad range of OTC products, deep understanding of the traditional bilateral ISDA governance model, and knowledge of current proposed regulatory reform initiatives.
The Manager will function within the Portfolio Administration management team as a strong and contributing member. To maximize impact, the Manager will also work closely with the Investment Technology and Trading teams to support the controlled operational process of supporting OTC derivatives.
Primary responsibilities include:
- Working closely with Derivative Operations staff to develop and foster a balanced and controlled environment;
- Overseeing the daily workflows and ensure a controlled environment is strengthened;
- Spearheading the ongoing assessment of system capabilities, development, workflows and any outsourcing opportunities;
- Working closely with our Trading, Data and IT to ensure new and complex OTC instruments are properly represented in our systems;
- Partnering with internal and external clients to maintain timely, accurate and thorough support of clients’ complex and routine derivative related requirements;
- Keeping up to date with industry trends, changes and initiatives;
- Working with team members on intra-departmental initiatives;
- Driving strategic planning.
The successful candidate should have the following qualifications:
- A minimum of 7 to 10 years of OTC derivatives experience and 5+ years of management experience
- A strong derivative background in valuations, collateral and derivative systems
- A creative, independent and strategic thinker who will focus on continuous improvement and affect positive change within the group and the firm
- An intelligent, highly motivated and passionate professional committed to excellence and to providing outstanding client service
- Proven leadership experience with strong people skills and the ability to work in an intense, fast-paced, team-oriented environment
- An experienced manager who exhibits an ability to ask tough questions and make quick and definitive decisions
- A high degree of integrity and ethical standards
- Excellent written and verbal communications skills, the ability to clearly articulate complicated technical issues, and pro-actively keep management informed on all risk matters
- A bachelor’s degree with progress toward a graduate degree or the CFA/CAIA is a plus